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|||Pages|
|---|---|---|
|Trustees'|annual
report|1 to 4|
|Independent
examiner's
report to the trustees|||
|Statement|offinancial activities||
|Statement|offinancial
position||
|Notes to the financial statements||Sto17|
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|Registered|charity|name|The Elmgrant|Trust|Trust|
|---|---|---|---|---|---|
|Charity registration||number|313398|||
|Principal office|||Elmhirst Centre|||
||||Dartington
Hall|||
||||Totnes|||
||||Devon|||
||||TQ9 6EL|||
|The trustees|||M.B.Ash||-Chairperson|
||||S.Young|||
||||P.B.Elmhirst|||
||||M.R.W. Sharman|||
|Committee|ofmanagement||D.J.Young|||
||||A. Daftari|||
||||T. Lane|||
|Company secretary|||Mrs. A. Critchlow||Horning|
|Independent|examiner||Paul Cridland|FCA||
||||61 Macrae Road|||
||||Ham Green|||
||||Bristol|||
||||BS20 ODD|||
|Bankers|||Lloyds TSBBank||Pic|
||||41 Courtenay|Street||
||||Newton
Abbot|||
||||Devon|||
||||TQ12 2QW|||
||||CAF Bank Limited|||
||||PO Box289|||
||||West Mailing|||
||||Kent|||
||||ME194JQ|||
|Investment|managem||Investec|||
||||30Gresham Street|||
||||London|||
||||EC2V 7QP|||
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Endowment|||
|||||Note|funds
f|funds
6|Total funds|Total funds
6|
|Income and endowments|||||||||
|Investment
income||||||73,781|73,787|66,944|
|Total income||||||73,781|73,787|66,944|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Investment
management|||costs|6||20,300|20,300|19,159|
|Expenditure
on charitable||activities||6,7|103,792||103,792|96,511|
|Total expenditure|||||103,792|20,300|124,092|115,670|
|Net gains on investments||||10||(113,697)|(113,697)|(443,509)|
|Net income|||||(103,786)|167,178|63,392|394,783|
|Transfers
between|funds||||95,000|(95,000)|||
|Net movement
in|funds||||(8,786)|72,178|63,392|394,783|
|Reconciliation
of|funds||||||||
|Total funds brought|forward||||40,948|2,841,671|2,882,619|2,487,836|
|Total funds carried forward|||||32,162|2,913,849|2,946,011|2,882,619|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|||
|Fixed assent|||||||
|Tangible fixed assets||||16|250|300|
|lpvestments||||17|2,904,552|2,832,417|
||||||2,904,602|2,832,717|
|Current assets|||||||
|Debtors||||16|17,233|16,933|
|Cash at bank|and|in|hand||29,829|38,674|
||||||47&062|55,607|
|Creditors: amounts|||falling due within one year|19|5,853|5,705|
|Net current|assets||||41,209|49,902|
|Total assets|less|current liabilities|||2,946,011|2,882,619|
|Net assets|||||2,946,011|2,882,619|
|Funds ofthe charity|||||||
|endowment
funds|||||2413,849|2,841,671|
|Unrestricted|funds||||32,162|40,948|
|Total chirr lty funds||||21|2,946,011|2,882,619|
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|prepayment
will lead to a reduction
in future p
Investment
income|ayments
or a cash refund.|||
|---|---|---|---|
||Unrestricted|Endowment|Total Funds|
||Funds|Funds|2022|
||E|||
|Income from listed investments||73,781|73,781|
|Bank interest receivable|6||8|
||6|73,781|73,787|
||Unrestricted|Endowment|Total Funds|
||Funds|Funds|2021|
|||f|E|
|Income from listed investments||66,927|66,927|
|Bank interest receivable|17||17|
||17|66,927|66,944|
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|||Endowment|Total|Funds|Endowment|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds||2022|Funds||2021|
|||F||8|E||E|
|Portfolio|management|20,300||20,300|19,159||19,159|
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||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds|2022
f|Funds
F|2021
f|
|Education|and educational|research|15,135|15,135|15,618|15,618|
|Arts and|arts research||18,900|18,900|16,763|16,763|
|Social sciences and science|||25,766|25,766|25,484|25,484|
|Pensions|and compassionate||22,930|22,930|19,100|19,100|
|Support costs|||21,061|21,081|19,546|19,546|
||||103,792|103,792|96,511|96,511|
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|Expendit|ure|on charitable|activities
by|activity type||||
|---|---|---|---|---|---|---|---|
|||||Activities||||
|||||undertaken||Total funds|Total fund|
|||||directly|Support costs
f|2022
f|2021
F|
|Education|and educational||research|15,135|2,260|17,395|18,065|
|Arts and|arts|research||18,900|3,847|22,747|20,754|
|Social sciences and science||||25,766|2,822|28,588|28,109|
|Pensions|and compassionate|||22,930|3,423|26,353|22,091|
|Governance||costs|||8,709|8,709|7,492|
|||||82,731|21,061|103,792|96,511|
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|Ye|ar ended 31 March 2022|||
|---|---|---|---|
|9.|Analysis ofgrants|||
|||2022|2021|
|||8|F|
||Grants to institutions|||
||Grants to institutions|80,725|73,165|
||Grants to individuals|||
||Grants to individuals|2,005|3,800|
||Total grants|82,731|76,965|
||The major grants
paid to institutions|The major grants
paid to institutions|The major grants
paid to institutions|The major grants
paid to institutions|of|F2,000 and|F2,000 and|over in the|year were:|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||St Mary's Totnes Heritage||Trust|||||||F2,500||
||Torpoint Rowers Club|||||||||F2,500||
||The Appledore|Book Festival||||||||E2,100||
||Bovey Tracey|Paradiso Arts||||||||F2,000||
||Dartington
Hall Trust|||||||||52,000||
||CLEAR Emotional
Trauma||&Therapy|||Specialists||||52,000||
||Ballons Devon|||||||||F2,000||
||Totnes Caring|Ltd||||||||F2,000||
||Rowcroft House Foundation
Ltd|||||||||F2,500||
||A breakdown|of grants payable to|||institutions||can|be obtained|from the Trust's|secretary.||
|10.|Net gains on|investments||||||||||
||||||||Endowment||Total Funds|Endowment|Total Funds|
|||||||||Funds|2022|Funds|2021|
|||||||||E|5|E|f|
||Gains/(losses)|on other investment|||assets|||113,697|113,697|443,509|443,509|
|11.|Net income|||||||||||
||Net income is|stated after|charging/(crediting):|||||||||
|||||||||||2022|2021|
||||||||||||E|
||Depreciation
oftangible
fixed assets|||||||||50|50|
|12.|Independent|examination|fees|||||||||
|||||||||||2022
f|2021
F.|
||Fees payable|to the independent||examiner|||for:|||||
||Independent
examination||ofthe financial statements|||||||1,500|1,500|
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|Staff costs|||||
|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period are analysed as follows:||
||||2022|2021|
||||8|6|
|Wages and salaries|||12,572|12,428|
|Employer contributions|to pension|plans|377|373|
||||12,949|12,801|
|equivalent
em|ployees
during the year is analysed a|s follows:||||
|---|---|---|---|---|---|
|||2022||2021||
|||No.||No.||
|Administrative|staff||1||1|
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|Funds transferred
is the sum drawn
down from the investm
Tangible fixed assets|ent
portfolio
during
the year.||
|---|---|---|
||Equipment|Total|
||E|8|
|Cost|||
|At 1 April 2021 and 31 INarch 2022|2,195|2,195|
|Depreciation|||
|At 1 April 2021|1,895|1,895|
|Charge for the year|50|50|
|At 31 taarch 2022|1,945|1,945|
|Carrying
amount|||
|At 31 March 2022|250|250|
|At 31 March 2021|300|300|
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|Investments||||
|---|---|---|---|
||Cash or cash|Listed||
||equivalents|investments|Total|
||F||F|
|Cost or valuation||||
|At 1 April 2021|19,913|2,812,504|2,832,417|
|Additions||419,003|419,003|
|Disposals||(554,161)|(554,161)|
|Fair value movements||113,696|113,696|
|Other movements|93,597||93,597|
|At 31 March 2022|113,510|2,791,042|2,904,552|
|Impairment||||
|At 1 April 2021 and 31 INarch 2022||||
|Carrying
amount||||
|At 31 March 2022|113,510|2,791,042|2,904,552|
|At 31 March 2021|19,913|2,612,504|2,832,417|
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|Debtors|||||
|---|---|---|---|---|
||||2022|2021|
|||||F|
|Prepayments|and accrued income||17,233|16,933|
|Creditors: amounts||falling due within one year|||
||||2022|2021|
|Accruals and|deferred|income|5,618|5,260|
|Social security|and other taxes|||217|
|Other creditors|||235|228|
||||5,853|5,705|
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|Unrestricted|funds||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Gains and|At|
|||At 1|Apr 2021|Income|Expenditure
F|Transfers
F|losses
f|31 hllar 2022
f|
|General funds|||40,948|6|(103,792)|95,000||32,162|
||||||||Gains and|At|
|||At 1|Apr 2020
f|Income
f|Expenditure
F|Transfers
f|losses
f|31 Mar 2021
f|
|General funds|||44,442|17|(96,511)|93,000||40,948|
|Endowment|funds||||||||
||||||||Gains and|At|
|||At 1|Apr 2021|Income|Expenditure
F|Transfers|losses
f|31 Mar 2022
F|
|Expendable|||||||||
|Endowment|Fund||||||||
|-Capital Fund||2,841,671||73,781|(20,300)|(95,000)|113,697|2,913,646|
||||||||Gains and|At|
|||At 1|Apr 2020|Income
f|Expenditure
f|Transfers
f|losses|31 Mar 2021|
|Expendable|||||||||
|Endowment|Fund||||||||
|-Capital Fund||2,443,394||66,927|(19,159)|(93,000)|443,509|2,841,671|
##
|Analysis of net as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Endowment|Total Funds|
|||Funds|Funds|2022|
|||F|f|f.|
|Tangible fixed assets||250||250|
|Investments||2,365|2,902,187|2,904,552|
|Current assets||35,400|11,662|47,062|
|Creditors less than|1 year|(5,853)||(5,653)|
|Net assets||32,162|2,913,849|2,946,011|
|Tangible fixed assets|Tangible fixed assets|
|---|---|
|Investments||
|Current assets||
|Creditors less than|1 year|
|Net assets||
|Unrestricted|Endowment|Total Funds|
|---|---|---|
|Funds|Funds|2021|
||F-||
|300||300|
|2,365|2,830,052|2,832,417|
|43,988|11,619|55,607|
|(5,705)||(5,705)|
|40,948|2,841,671|2,882,619|
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|The carrying|amount
for each|category offinancial|instrument|is as follows:|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E||
|Financial assets measured||atfair value through|income|and expenditure|||
|Fixed assets|investments||||2,904,552|2,832,417|